Cash-Secured Put Example: First Trade on Carnival (CCL)

Another day, another cash-secured put.

In this video, I walk through my first-ever cash-secured put trade on Carnival Cruise Lines (CCL). I’ve been watching this stock for a while, added it to my options watchlist, and decided to finally dip my toes in with a single contract.

Here’s what I cover:
📊 Reviewing the CCL chart, RSI, and recent price action
📅 Why I prefer monthly expirations over weeklies
🎯 Choosing strike price, delta, and expiration
💰 Calculating return on collateral and annualized return
🧮 Breaking down the math behind the trade
📈 Recording everything in my option tracking spreadsheet
🧠 Explaining delta and assignment risk in plain English

This isn’t a big-money trade — it’s a learning trade. One contract, modest premium, and a realistic look at how cash-secured puts work in real life. I also explain what I’ll likely do if the option loses value before expiration and how I think about closing early versus letting it run.

If you’re new to options or just want to see how someone actually places and tracks trades, this is a good real-world example.

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⚠️ Disclaimer: All examples used in this video are for educational purposes only. They are not recommendations. I am not a financial planner or financial advisor. Always do your own research and make decisions based on your own financial situation. If this series is helping you, consider subscribing and following along — everything builds step by step from here.

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